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<h1>Government Recognizes Association of Physically Handicapped for Tax Exemption Under Section 10(23C)(iv), Specifying Income Use and Investment Rules.</h1> The Central Government has issued a notification under section 10(23C)(iv) of the Income-tax Act, 1961, recognizing the Association of the Physically Handicapped, Bangalore, for the assessment years 1991-92 to 1993-94. The association must use its income exclusively for its established objectives and invest its funds according to specified modes, excluding voluntary contributions in forms like jewelry or furniture. The notification excludes income from business profits unless the business supports the association's objectives and maintains separate accounting records.